We hear in the news that many people in countries that have currency issues are starting to trade in BTC - for example, Venezula.
My friend asked me what about in regions where they lose electricity, how would they trade with BTC?
For example Puerto Rico is right now devastated by the hurricane, and many parts of its region don't have electricity. A lot of people need to buy food and even fresh water.
Is there a way to still trade with BTC in such situations?
Can P2P trade still occur despite having any connection to the greater block-chain network? Keep in mind that it's easy to charge mobile phone so they have access to wallet apps, but probably not the Internet.
I don't know too much about mobile data networks, but I doubt one's 4G/LTE data plan would work in such situations. I assume that data would have to be relayed to a tower/dish before it's sent to satellites. Am I correct?
We all know that electricity is the major requirement of bitcoin. It's the most needed requirement for us to have the internet and for us to be able to access bitcoin. Without the internet, there's no really way for us to access and use bitcoin. Trading and investing has would be too impossible for us to do. It would be very hard for us to transact without the electricity. Talking about the things being realistic is the best way to analyse and judge about the parameters of that thing. In future we will see that electricity will not only be very much in quantity but also very cheaper. Now the solar project is being done which will not only produce the electricity but also will save the electricity for the next 5-6 months. Likewise, internet is also getting cheaper and available and this is the reason that people are investing in the crypto currency with no fear. |
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Actually, it's not easy to implement bitcoins to make money. First of all it is necessary to adjust all the people here especially the beggars.
So it's less likely to happen. Depending on just how the bills can still be used in conjunction with Bitcoins.
Everything looks good in its time as well as every profession has to upgrade it self to the level where it can be feasible for all the parties getting involved in this. Beggars or the charity firms if they will not upgrade themselves in the coming time for the digital money, because every body likes to donate in whatever currency he or she is earning or using so, the up gradation is always need of the time and is necessary. |
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Most a amount those that stress additional area unit those who contribute over what they'll bear to free and such selection is not typically prudent once it come back to speculation selection. In any case, varied area unit usually amused owing to declarations from people United Nations agency have profited from scientific discipline cash speculation.
Yeah its true that the market will not fall forever because it will go back in normal when all users continue to use and buy bitcoins and we should not be worry about falling down the market because this is the chance for people want to buy on bitcoin so that they can have a great profit and for those who have a bitcoin already they should hold their bitcoin and wait until the market will be fine again and theres a possibility that the price will increase. There is no business or start-up in the world which has seen only profits, the ups and downs are the part of the game and they have to be dealt professionally than by crying out loud in front of others. Before starting, first of all make a plan that what are you going to do when the market will fall because it happens all of a sudden and people get in panic because they haven’t planned anything for that which leads for the panic selling. Remember slowly but firmly the things will get more familiar. |
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Bitcoin chart is going up and down some times I am thinking maybe I should invest part of my BTC (at least the part of the profit I’ve made on crypto) into something real?! Let’s say I can buy share of real estate company and get the part of profit (50-100% per Year). Should I Spend all my BTC on that shares? Spend small (profit) part? Or just do nothing and wait?  ?! I’ll do appreciate for answers with any suggestions and recommendations! This is really a good strategy of yours, if you want to play more safer, i prefer to choose your first idea. Get the 50% of your profit in bitcoin and invest it into real state for more safer and stable income, but investing to real state is quiet expensive and you need to draw a big amount of money to start. I prefer to invest in real estate, because it really becomes a very long investment, and will be more profitable. but for the moment, I do not have so much money, so I use bitcoin to make my money grow. Real estate is just like bitcoin because both are long term investments. Though both are quite much profitable but I am more inclined towards bitcoin than real estate and the reasons are pretty obvious. The rate of profit is faster and more with bitcoin than real estate. Moreover it is not that easy to have shares in real estate while it is possible for even unemployed people to work hard and own a bitcoin. |
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You need insider news for bigger profits. But it might be illegal, you know.
There is no need to go through all this trouble when a simple and safe way exists. If a person wants to make bigger profits, all he needs to do is invest in the right place. By right place I mean to say a coin that has the largest community of investors, has shown most potential so far and a very good future is predicted by crypto experts. Bitcoin is the most right choice. It can bring huge financial positive changes in the life of its investor. |
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Honestly, the current trend now is bitcoin because Bitcoin is dropping and almost all coins and tokens are now dropping and the community are not avoid panicked. This is so sad because the market are all in red when we gonna see again the green market?  The market is suffering from a decline and most of the digital coins are in dip but that does not mean time won’t change ever. Digital market is a very volatile one. This is just the beginning of crypto currencies and bitcoin has a long way to go. It is the future of money so there is no question in its rising again. All that holders should do is keep their bitcoin in wallets for a little longer, better increase its amount because now is the right time to do so. |
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When there is a dip buy BTC and when you want to just invest on it and hodl anytime is a good time because you invested to hodl and you don't care if it will go down you just care if it will go up and give you alot of profit.
Buying an asset at low price and selling it out at high values is the requirement of gaining profit. Crypto world is all about this. However, it is not very easy practically because most people do exact opposite of this simple rule. In my opinion, a person must first gain a good level of knowledge regarding bitcoin and then invest in it. Indeed, bitcoin can change his life in the ways he never imagined. It can bring huge profits within small time. |
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In this very low market time, we have nothing to do except to have more patience and keep holding still, because if you will panic and lose courage you will end up losing since we are already in this situation, we just have to bear with it, and secondly take the chance of buying and investing more to at least cover the loses when market rise up again. For me this is all i can do, and nothing more😊
This time will be over soon. We have already entered into the third month of 2018, few more weeks and bitcoin will be again making progress helping altcoins too in gaining some value. All the actions are acceptable in such situation except one; the selling out at such a low rate when there is a possibility to make large amount by only keeping the asset for a little longer or else this will become a regret in the future. |
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Some bitcoin users told me not to do transactions in these couple of days because hackers are active these days. I want to know is it true? or some kind of rumor? Anyone here who have faced such problem?
Another hoax is the security of bitcoin vulnerable to hackers is its own wallet system, so far there has been no news about hackers trying to break into bitcoin If we consider bitcoin security and not the security of exchanges or wallets, then it is really impossible to break through the technology used in bitcoin. Even if someone discovers the solution, it would be useless as the resources required would make things practically very difficult. The wallet security is the responsibility of the owner and there are secure exchanges too. But again, no system is hundred percent safe but that does not mean it is easy to break into any one. |
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When we will use cryptocurrencies ofr our everyday life?
As stated it is intended to be an alternative to fiat currency if not replace the current fiat system. I think it is much better in terms of usage today than way back years ago. There are lots of third party company that take advantage of the cryptocurrency markets and customer that gives way to its regular usage. One fact is the exchanger here in my country. hundreds of thousands of users are already involved in bitcoin transaction because of them. In the fast pacing world of technology, many inventions have made, and easy ways to earn, buy, trade are even made easier. We always deal to earning, and buying things in our daily living. Same thing goes with crypto, if it will be adopted all over the world, I think buying things electronically will be more convenient, and transactions will be made faster. It is secured and private. Crypto currencies have provided opportunity to many people who were in need of an income source or just desired to do a part time job that would not take much energy, efforts and time. Bitcoin jobs are not only easy than many other field jobs but it is also more profitable than most of them. A person can do work by sitting at home and earn as much as he wish to. The more he works, the more he earns. That is true freedom. |
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Well, why don't you do both trading and hold. In my case, if I have enough savings I would rather to do both rather than to do nothing because there's nothing you can gain if you will sit there and wait for pump before to make transaction. It is better to buy alts that you think has a capability to rise so that while waiting for your holdings, you will still earn. Along with any kind of transaction it is also good to have a holdings for your future.
In theory it is very easy to make money trading just buy low and sell high right? But the truth is a lot more complicated than that you need to be able to predict the direction the market is going to take and then take a position but most of time people do not choose the right option and they get huge losses, this is the main reason why many prefer to hold. It is the desire of all the investors to buy an asset at the lowest price and sell it out when a good profit can be made by doing so but still there are many people who do the exact opposite. The reason is they do not understand bitcoin very well and just get excited by looking at the statistics without diving deep into the topic. So whenever there is a fall in the value, whatever the reason maybe, such people sell out their coins. |
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Many but not all gamblers are claiming they gamble for fun and pass time. I was just thinking. If it is the reason why people gamble then why not play online games? There is a lot of good and challenging onlne games wherein you can interact with other people online?
Do you mean to play online games not related to gamble like Dota? If so this online games is not suit for mature people as for me online games is a child or teenagers game unlike gambling it is really for adult players. Both are for fun but not the same level of user like what can you say if someone of 60 years old playing dota with the kids? Please cut that bro, who told you that game is only meant for the kids? I am an adult and I play game with my son when I have the chance and even some times, I do that alone as I use it to unwind, most especially when it has to do with mission or adventure games, so giving the whole stuff about playing game as being a kid is uncalled for. There is nothing in playing games and it only depends on the person involved. We all have our interest and we can decide to have fun the way we so please. That is great. It sounds so amazing to see a dad playing games along with his son whenever he gets time. That should be priority of everyone here who have families. Don’t get into such harmful games like gambling and then when you lost, you are concealing from your family as you can’t face them. Be proud of what you have and earn it honestly and respectfully, that would be better for everyone related to you. |
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I think it happened to me when I was in High School I lost all of my money in a bet ,
We played DOTA back then and we always manage to win but in a certain time we go to one of our School mates place to gamble and my team ended up losing .
Many people often claim that betting have more advantages over gambling. Yes I agree somehow is better than gambling but still huge risks are there. People need to understand that whenever you are encounter with many options, go for that one which is less risky. Betting is totally risky, as luck is involved. There are no technical skills involved in it hence you may get a big loss. |
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The extent of value you place on cryptocurrency will determine how much position you want to take on Bitcoin. Without gainsaying or playing to the gallery, Bitcoin is the future of finance and the place you want to take in that future will determine how much you are willing to invest now!
Well yeah, it is like as much sugar you put, the sweeter it will be. For making your future better and happier, you need much big money. And for this big profits, you need to invest big capitals. Now question is what if someone don’t have big capital to invest? Then I think airdrops, faucets, signature campaigns are there that can help you to earn free bitcoins. Get big number of coins and then invest. |
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I think gambling has been born together with mankind. Not sure. But when we look at history i think gambling was already there. Everywhere and in whatever form money is always involved in games and that makes it gambling.
It is upto you if you want to gamble it or not. Whether it is involved or not is not a choice but you betting or gambling on anything is your choice which you decide to do it. People who know that they do not have spare money to loose would avoid it and those who want to try their luck may play and win some rewards too. So still if unsure better to stay away from such things. It is not about having spare money to be used in gambling. Everything is revolving around what would be benefit for you if you chose this as your main source of income. Maybe you are only coming for fun or entertainment, still what if you get a loss. How your fun will recover this lost amount from gambling again. Because next time when you play, you will lose again. Luck doesn’t help you every day. |
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Gambling Affects your life either in a good or bad way in the long run. Some of those effects that can change your life are:
Good Effects:
*Can make money easily (not guaranteed)
*Gives so much pleasure
*Meeting new friends
*Can increase your assets
Bad Effects:
*Big loss
*Increased on your debt
*Loss jobs
*Depression/Stressed
*Broken Family/Failed on relationship
*Insufficient Funds
Despite of this effects many people are still want to continue gambling, how can you handle this possible effects of gambling in your life?
Gambling is like marijuana, once you play with it then you will continue. Nothing can stop you gambling when you are already addicted, only you can hold it yourself. I think that's the hardest thing for gamblers to do to stop gambling. Obviously for those who have a lot of gambling money is a pleasure for them, while for those who have no money will start to owe and further you mentioned. Exactly it is hardest part for them to stop gambling, it doesn’t matter then whether you are addict of it or not. In any case, people start getting involved in this game where they find easy source of money. But there are some imitations that deceive them. And instead of getting much money out of gambling, they tend to lose their valuables and money slowly and gradually and become bankrupt. |
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Yes, playing online casino is good for me to make my self entertain but it is not always because i do not want to be addicted i do not want to lose too much money in this kind of thing.
It is better to know at right time what is good for you and want is bad. So have made it already by saying like this. Well, now it is time to get out of gambling totally. Don’t even go for online casino because it is only two different forms of same thing. Either you are in real casino or any online, you will lose money. So when the ultimate target is you, why to waste money to profit someone else. |
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The current cryptocurrency market is volatile, I think if you have money then you should buy more bitcoins to wait for the price to rise and then sell, and the high volatility of bitcoin can make us gain a bit of money. giant leap. so at this time you should keep it, patiently waiting. I believe in the end of 2018 bitcoin will rise and can reach 30 thousand.
Today's market will be hard for BTC to raise prices. Many altcoin was born births occupy the market of BTC. Recently BTC price can not pass the $ 12,000 threshold, we see clearly BTC can not continue to raise prices due to competition too high with other altcoin. If you want to invest in the Crypto market I think you should buy other altcoins to hold, they have more opportunities than the BTC. Listen all those who are coming as newbies to this trading field, what you have done so far? If you don’t know what to do at different situations it means your homework is zero. You should learn the best technical skills before getting into practical world. Make yourself up to mark prior to jump in this ocean of traders. Learn from YouTube, read books, ask from experts, observe. |
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What will you do if after losing several times in gambling, you are left with only small amount of money and that money will be for your fuel or for transportation, will you still continue with the little you are left with? What if you lose?
I would surely stop, or more specifically, why would I even start gambling. The fact about gambling is that it controls a person's mindset, whether he wins or losses, he would want to continue to play, for when a he loses, he wants to continue playing to get his losses back. On the other hand, if he's winning, he would also continue to play because he wants to extend his winnings. Gambling has that addictive effect, so to avoid losing in the end, people should be smarter in where they should put their money. I would rather lose in an investment than in gambling. This is good approach towards better future. When you know you are moving towards a wrong side where may be you would be harmed, so instead of carrying on, you must stop immediately. You did it but there are hundreds and thousands who are still going on that path where they would be losing all their valuable. They know it will harm them but still being addict, they can’t control themselves. |
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Simple and best strategy so far. There comes no rocket science here. You are not asked for getting in much technicalities and complex things. Just simple and easy, buy at the lowest point and sell at the highest point. Only then your profits can be in positive points and they can be multiplied by the initial buying price. For now, how to check these points, observe the market carefully and try to pick out the patterns of prices going high and low. |
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